Meridian Capital announced the following transactions:
- A new mortgage of $1,080,000 was placed by Meridian on a three-story, six-unit multifamily property located on Diamond Street in Brooklyn, NY. The loan features a rate of 2.88% and a three-year term. This transaction was negotiated by Morris Diamant and Mendy Spielman.
- New mortgages totaling $32,600,000 on seven multifamily properties composed of 241 units located on Ocean Avenue, Benson Avenue, Ocean Parkway, East 16th Street, 20th Avenue, 59th Street and 85th Street in Brooklyn, NY. The loans feature rates of 3.13% and five-year terms. Morris Diamant and Jacob Rochlitz negotiated these transactions.
- New mortgages totaling $13,400,000 were placed on two multifamily properties composed of 94 units located on West 137th Street and Fort George Avenue in New York, NY. The loans feature rates of 3.13% and five-year terms. These transactions were negotiated by Chaim Tessler and Marvin Jeremias.
- A new mortgage in the amount of $8,200,000 on a five-story, 45-unit multifamily property located on 92nd Street in Jackson Heights, NY. The loan features a rate of 3.00% and a five-year term. David Hayum and Ariel Jeidel negotiated this transaction.
- A new mortgage of $5,500,000 was placed by Meridian on a seven-story, 61-unit multifamily property located on Heath Avenue in the Bronx, NY. The loan features a rate of 3.13% and a five-year term. This transaction was negotiated by Carol Shelby and Dani Sabesan.
- A new mortgage in the amount of $3,900,000 on a five-story, 20-unit multifamily property located on Frederick Douglass Boulevard in New York, NY. The loan features a rate of 3.00% and a five-year term. David Hayum and Ariel Jeidel negotiated this transaction.
•••
GCP Capital Group arranged mortgage financing in the aggregate amount of $289,150,000 for the following properties:
- $255,650,000 for a portfolio of 15 multifamily apartment buildings containing a total of 1,399 units, located throughout Manhattan, the Bronx and Westchester, New York. Alan Perlmutter, Managing Member of GCP Capital Group, arranged the financing for this portfolio.
- $18,300,000 for 2 six-story multifamily apartment buildings containing a total of 132 units, located on Merrick Boulevard in Queens, New York. Paul Greenbaum, Managing Member of GCP Capital Group, arranged the financing for this transaction.
- $6,000,000 for a four-story residential building containing 3 apartments and 2 commercial spaces, located on East 8th Street in Manhattan, New York. Matthew Albano, Senior Broker of GCP Capital Group, arranged the financing for this transaction.
- $5,800,000 for a portfolio of 7 two-story apartment buildings containing a total of 47 units and 1 professional unit, located throughout Nassau County, New York. Matthew Albano, Senior Broker of GCP Capital Group, arranged the financing.
- $3,400,000 for a four-story apartment building containing 24 units, located on East 8th Street in Brooklyn, New York. Paul Greenbaum, Managing Member of GCP Capital Group, arranged the financing for this property.
•••
Eastern Union Funding announced the following transactions:
- A $1,125,000 first lien mortgage for the acquisition of a five-unit multifamily on 14 Locust Street in Brooklyn, NY. This loan closed with 3.5% interest for 7 years. It was negotiated by Nate Hyman and David Metzger
- A $3,325,000 first lien mortgage for the acquisition of a 124-unit multifamily in Utica, NY. This loan closed with 4.25% interest. It was negotiated by David Metzger and Nate Hyman
- A $3,640,000 first lien mortgage to refinance an eight-unit multifamily on Bergen Street in Brooklyn, NY. This loan closed with 3.35% interest. It was negotiated by Marc Tropp and Shai Romirowsky
- A $1,075,000 first lien mortgage to refinance a four-unit mixed-use on Lenox Avenue in New York, NY. This loan cloased with 3.62% interest. It was negotiated by Jack Beida and Moshe Lipschitz
- A $5,000,000 first lien mortgage to refinance a 47-unit mixed-use on East 9th Street in Brooklyn, NY. This loan closed with 3.25% interest. It was negotiated by Michael Muller.
